Oportun Financial Corporation (NASDAQ:OPRT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Oportun Financial Corporation has a consensus rating of "Moderate Buy" from analysts, with an average price target of $9.33.
• Institutional investor activity is significant, with Cannell Capital LLC increasing its stake by 7,067% in the second quarter, reflecting growing confidence in the company.
• Shares of Oportun Financial saw a 7% increase, with stock prices ranging between a 12-month low of $2.37 and a high of $9.24.

Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.3333.

A number of equities analysts have recently issued reports on OPRT shares. JPMorgan Chase & Co. upped their price objective on Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Stephens initiated coverage on Oportun Financial in a report on Thursday, June 12th. They set an "overweight" rating and a $10.00 target price for the company. Sidoti upgraded Oportun Financial to a "hold" rating in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded Oportun Financial from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th.

Institutional Investors Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cannell Capital LLC raised its position in shares of Oportun Financial by 7,067.0% in the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company's stock worth $11,465,000 after acquiring an additional 1,578,902 shares in the last quarter. Boston Partners bought a new position in shares of Oportun Financial in the 1st quarter worth approximately $2,728,000. Geode Capital Management LLC raised its position in shares of Oportun Financial by 131.6% in the 2nd quarter. Geode Capital Management LLC now owns 776,844 shares of the company's stock worth $5,563,000 after acquiring an additional 441,392 shares in the last quarter. Millennium Management LLC raised its position in shares of Oportun Financial by 28.9% in the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company's stock worth $10,633,000 after acquiring an additional 433,827 shares in the last quarter. Finally, CenterBook Partners LP bought a new position in shares of Oportun Financial in the 2nd quarter worth approximately $2,950,000. Hedge funds and other institutional investors own 82.70% of the company's stock.

Oportun Financial Stock Up 7.0%

Shares of NASDAQ OPRT opened at $6.42 on Tuesday. The stock's 50-day simple moving average is $6.49 and its two-hundred day simple moving average is $6.20. Oportun Financial has a twelve month low of $2.37 and a twelve month high of $9.24. The firm has a market capitalization of $282.54 million, a P/E ratio of -32.10 and a beta of 1.23.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.

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